Seagrave Avenue, Sheffield S12 with 6.1% Yield
Although definitely in need of a full refurb, this property is about £10,000 cheaper than comparable properties in a decent condition in the area.
The property comprises of a lounge and dining kitchen on the ground floor. Both bedrooms and the bathroom are located on the first floor. Throughout this property is either damager or dated, so all areas will require work, which includes a new kitchen and bathroom. The property does benefit from having an enclosed rear garden and driveway to the front of the property.
In this area, a property of this size in a good condition, would typically achieve £600pcm, which would generate a yield of 6.1%, which is a very respectable yield, but does not take into account the cost of the refurb, which would bring the yield down to 5.6%, which is still a very respectable yield indeed.
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